Stronghold Urges Stockholders To Follow The "FOR" Recommendation Of ISS And Glass Lewis And Support The Pending Merger With Bitfarms At the Upcoming Special Meeting

Author: Benzinga Newsdesk | February 19, 2025 05:24pm

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", the "Company", or "we") today announced that the world's leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have each recommended that Stronghold stockholders vote "FOR" the pending merger (the "Merger") between Stronghold and Bitfarms Ltd. (TSX:BITF) at the upcoming special meeting of the Company's stockholders on February 27, 2025.

In its report dated February 14, 2025, ISS stated, "[T]he company's sale process was thorough, cost savings are expected as a result of the transaction, and the share form of consideration will allow SDIG shareholders to participate in the upside potential of a larger entity. On balance, support for the transaction is warranted."1 In its report dated February 12, 2025, Glass Lewis also recommended support for the Merger.

Posted In: BITF SDIG TSX:BITF